Case summary – Enron Corporation’s Weather Derivatives Steve Haik‚ Dan Sleker and Bas van Bellegem – March 2003 Background In October Mary Watts‚ CFO of Pacific Northwest Electric (PNW) reviewed the forward plan for PNW’s 200-2001 season. PNW’s has been experiencing nearly no EPS growth since 1995 due to deregulation and warmer-than-average winter climate. The stock price had suffered accordingly‚ but there maybe a way to hedge the weather risk via a new “weather derivative” being proposed by Enron’s
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In the Country We Love: My Family Divided On a crisp night in Boston‚ all seemed well as Diane enjoyed a nice meal with her family‚ and the next day‚ her mom‚ dad‚ and brother were stolen by US Immigrations and Customs Enforcement‚ and she was stranded. The book In the Country We Love: My Family Divided‚ tells us the life story of Diane Guerrero‚ a Colombian girl who was born in the United States‚ unlike her parents and brother who were both born in Colombia. The author tells a heartbreaking story
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Weather Unit-Mid Unit Test Study Sheet 1. What are the four elements of weather? The four elements of Weather are Wind‚ Temperature‚ Moisture and Air Pressure. 2. What are the three states of water? The three states of water are solid‚ liquid and Gas. 3. Explain the differences between solid‚ liquid‚ gas- how much energy is being used? What are the particles doing? The difference between solid‚ liquid and gas is Solid has low energy and is cold‚ liquid is medium energy and is warm and gas has
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• Afghanistan • President – Hamid Karzai‚ President of Afghanistan (2001–present) • Bangladesh • President 1. Zillur Rahman‚ President of Bangladesh (2009–2013) 2. Abdul Hamid‚ President of Bangladesh (2013–present) • Prime Minister – Sheikh Hasina‚ Prime Minister of Bangladesh (2009–present) • Bhutan • Monarch – Jigme Khesar Namgyal Wangchuck‚ King of Bhutan (2006–present) • Prime Minister – Lyonchen Jigme Thinley‚ Prime Minister of Bhutan (2008–present) • China (People’s Republic
Free United States Pakistan Head of state
Chosin Reservoir The battle of Chosin Reservoir was no doubt key‚ if not the deciding battle of the Korean War. The battle has gained a notoriety for some of the harshest terrain and weather conditions of any battle in any war. Alongside this fact these conditions were extremely influential‚ in hindsight‚ in the unpreparedness of our forces and the eventual splitting of the 1st Marine Division‚ led by General O.P. Smith‚ and the Army’s 7th Infantry Division which was under the overall command
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I’m known for medical myth busting that cold weather makes you more likely to catch a cold‚ I ‘m sorry to say that this continues to be a myth; research doe not support this. This latest study‚ published in the Proceedings of the National Academy of Sciences‚ researchers showed that cells kept at 37 degrees Celsius were more likely to undergo apoptosis (basically‚ cell suicide) than cells kept at 33 degrees Celsius; apoptosis is a way that we protect ourselves from infection. If the infected cells
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PROBLEM Fishkill or many fishes found dead in fish pens during sudden change in weather. PRELIMINARY DATA 1-Tons of fish reported dead around Taal Lake and in Bolinao‚ Pangasinan. 2-Mostly bangus or milkfish and tilapia are found dead in these places. 3-Bangus and tilapia are not bought by people in the market. 4-Rains occur after hot days. HYPOTHESIS Sudden change in water temperature and lack of oxygen affects how fish lives in water. EXPERIMENT Using an aquarium measuring 10” x 12” x
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Most of us walked through the front door of Lake Country between 8 and 9 years ago. Others of us came later whether it was 5 years ago or this year. The door we came through on the first day we came was the same door we continued to walk through almost every day‚ up until today. After tonight this might be the last time we walk through these doors‚ but some people will keep walking through them even after we leave Lake Country. The front dorrs aren’t just regular doors to us students‚ they are a
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each country has a certain image and a multifaceted structure. First studies on country image in the literature belong to the 1930s and 1940s (Katz and Braly‚ 1933; Klingberg‚ 1941). On those years‚ several researches were done on impacts of social psychological processes‚ economic‚ cultural and political events on country image. But in these years‚ national perceptions and prototypes are of particular importance (Katz and Braly‚ 1933; 1943; Klinberg‚1941). Nagashima (1970) considers country image
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Geo-Engineering: Controlling the Climate and Weather Recall the pleasure derived from the last time you took a walk through a park on a day when the weather was perfect. The sunshine was bright‚ the temperature was perfect‚ and perhaps there was a slight breeze that left you the ultimate feeling of refreshment as it caressed your face. Or perhaps you can remember the last time you enjoyed the sounds and smells of a light April shower that left the trees and grass looking so green and the air
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